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OSI Systems To Acquire Explosive Trace Detection Business From Smiths

Cal Biesecker By
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OSI Systems [OSIS] on June 1 said it has agreed to acquire an explosive trace detection (ETD) business from Britain’s Smiths Group for $75.5 million in cash, a deal that many industry observers believed likely and which fills a gap in the company’s portfolio with a mature technology that is widely deployed.The ETD business that OSI Systems is buying previously was part of the Morpho Detection business acquired Smiths in April from France’s Safran Group. Smiths Group’s Smiths Detection division already had its…

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